China's PBOC Injects $81 Billion Into Top Banks

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank is injecting 500 billion yuan ($81 billion) into the country's five major state-owned banks as it moves to counter a worse-than-expected slowdown in the world's No. 2 economy, according to a senior Chinese banking executive. The size ...

S&P Downgrades Venezuela on Worsening Economy -- Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Chelsey Dulaney and Kejal Vyas Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing President Nicolás Maduro's failure to take steps to combat rising inflation and a deepening economic crisis. S&P; downgraded ...

Argentina Warns U.S. Diplomat Over Remarks to Local Newspaper

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Taos Turner BUENOS AIRES--Argentina's government scolded a U.S. diplomat on Tuesday for remarks he made about the country's recent default, implying he could be expelled if he makes similar comments again. Argentine Foreign Minister Héctor Timerman called for a ...

Austrian August Inflation Slowed on Year

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Nicole Lundeen VIENNA-Austrian inflation continued to ease in August due lower prices on clothing, the country's statistics office said Wednesday. The Alpine country's consumer-price index increased 1.7% on an annual basis in August after a rise of 1.8% in ...

BOE Dissenters Fail to Attract Support --Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Paul Hannon And Jon Sindreu LONDON--Two officials at the Bank of England who first pushed for an immediate rise in interest rates in August failed to attract additional support at the Monetary Policy Committee's September meeting, according to minutes ...

Argentine Peso Hits Record Lows

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Ken Parks BUENOS AIRES--The Argentine peso hit record lows against the U.S. dollar in black market trading Tuesday after the central bank reported the biggest one-day drop in its international reserves since the government defaulted on some of its ...

Dollar Tad Higher Against Yen, Euro Ahead of Fed Outcome

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Hiroyuki Kachi The dollar was a tad higher against the yen and the euro in Asia trade Wednesday, with investors largely taking a wait-and-see stance ahead of a closely watched Federal Reserve policy meeting outcome. As of 0450 GMT, ...

Swiss Economic Expectations Turn Negative in September

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Neil MacLucas ZURICH--Swiss economic expectations in September turned negative for the first time since January last year as financial analysts grow increasingly pessimistic about the impact of the geopolitical tensions on growth in the eurozone, the Alpine country's key ...

New Zealand's Current Account Back in The Red

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's current account balance swung to a deficit in the second quarter as the value of goods exports fell over a range of commodities, led by dairy. The current account deficit totaled 1.1 billion ...

Oil Prices Rise as Tensions Reappear

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Cassie Werber Oil prices rose Wednesday after receiving a boost a day earlier from news that OPEC could cut production, and after some geopolitical tension resurfaced. The Organization of the Petroleum Exporting Countries' secretary-general, Abdallah el-Badri, said Tuesday that ...

Eurozone Inflation Remains at Record Lows

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

The annual rate of inflation in the 18 countries that use the euro was unchanged at 0.4% in August, as the European Union's statistics agency revised a previous estimate that recorded a decline to 0.3% However, the annual rate of ...

UK Unemployment Rate Falls, but Wage Rises Remain Muted

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Nicholas Winning and Matthew Cowley LONDON--The U.K. unemployment rate fell more than expected to the lowest level for almost six years in the three months to July, but wage growth remained at record low levels in a sign that ...

Fed Dims Emerging Markets' Allure

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Nicole Hong And Matt Day Fears of higher U.S. interest rates are prompting fund managers to cut back on investments in emerging markets. For now, investors still are moving into developing markets, though the pace has moderated. Emerging-market stocks ...

PBOC Agrees to Currency Swap With Sri Lanka

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank signed a 10 billion yuan ($1.6 billion) currency-swap agreement with its Sri Lankan counterpart, another effort to expand international use of the yuan. The deal, signed by the two central bank governors Tuesday, will be effective for ...

S Africa Annual Inflation Rate Rose to 6.4% in August

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Patrick McGroarty JOHANNESBURG--South Africa's annual inflation rate rose unexpectedly in August to well above the central bank's target ceiling, adding pressure for a fresh interest rate increase at the bank's next meeting on Thursday. South Africa's consumer price index ...

Boston Properties to Sell Stakes in 3 Buildings

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

Boston Properties Inc. (BXP) agreed to sell a 45% interest in three buildings in New York City and Boston to affiliates of Norway's sovereign-wealth fund for $1.5 billion. The deal with Norges Bank Investment Management involves stakes in 601 Lexington ...

MARKET SNAPSHOT: U.S. Stocks: Futures Flatten As Fed Day Arrives

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock market futures stuck to the flat line on Wednesday, as lingering nervousness over the conclusion of the Federal Open Market Committee meeting was balanced by news that China's central bank has ...

Asian Shares Gain on China Stimulus -- 2nd Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Chao Deng Stocks in Hong Kong led Asian markets higher Wednesday, after China resorted to using another targeted stimulus measure for jump-starting its economy and as a meeting of the U.S. Federal Reserve drew near. The Hang Seng Index ...